Web3 Trends and Hotspot Tracking

Macroeconomic Environment and Market Trends

Goldman Sachs Adjusts Federal Reserve Rate Cut Expectations

Goldman Sachs' latest report shows that expectations for a Federal Reserve rate cut this year have been revised down from 100 basis points to 75 basis points. The report points out that core Personal Consumption Expenditures (PCE) inflation has shown a continued downward trend in the fourth quarter of last year. Specific data indicates that the annualized PCE inflation rate from September to November of last year was 2.5%, down from a year-on-year increase of 2.8%. The revised data from the Dallas Fed further confirms this trend, showing that the inflation rate in November of last year had fallen to 1.8%.

At the same time, the labor market is gradually tending towards balance, with the annual wage growth rate slowing to 3.9%, which is within a reasonable range of 3.5% to 4%. Analysts believe that if productivity growth in the coming years remains between 1.5% and 2%, it will help achieve the inflation target of 2%.

The United States postpones the implementation of new cryptocurrency tax regulations

The IRS announced that it will delay the implementation of cryptocurrency tax reporting rules until December 31, 2025. This decision is aimed at providing relevant institutions with more adequate time to adapt to the legal and regulatory challenges currently faced. The new rules require the use of the first-in, first-out (FIFO) accounting method for crypto assets starting January 1, 2025, unless alternative methods such as highest-in, first-out (HIFO) or specific identification (Spec ID) are chosen. This delay is expected to benefit cryptocurrency holders on centralized finance (CeFi) trading platforms in 2025.

Hot Events in the Web3 Field

The Syrian organization proposed a Bitcoin-based banking system.

The Syrian Center for Economic Research (SCER) recently proposed an innovative proposal, suggesting that the new government consider establishing a banking system based on the Bitcoin network and related technologies. This proposal, known as the "Syrian Bitcoin Policy," aims to accelerate national reconstruction and protect the public from the impacts of inflation and currency depreciation.

SCER emphasizes that the government should establish a comprehensive regulatory framework to legalize the trading and mining of Bitcoin and other digital assets, thereby promoting the recovery of the Syrian economy. Additionally, the proposal suggests digitizing the Syrian pound and considering backing it with assets including the US dollar and Bitcoin. This initiative could provide new solutions for a country facing economic difficulties.

Ethereum News Weekly announces shutdown

Evan Van Ness, founder of the Ethereum News Weekly (WiE), announced that WiE will officially cease operations on January 1, 2025. This decision stems from discussions with the leadership of the Ethereum Foundation (EF), indicating that the EF's perception of WiE's value has diminished, and it provided only symbolic financial support in 2024.

Van Ness stated that despite the opportunity to continue operations through fundraising, he chose to focus on other meaningful projects. He pointed out that WiE failed to find a sustainable business model, and that advertising and sponsorship revenue were insufficient to sustain operations. At the same time, he emphasized the issues present in the Ethereum ecosystem, namely the overemphasis on code development and research, while neglecting other important contributions.

Cryptocurrency Market Volatility

Elon Musk's name change triggers market volatility

Recently, Elon Musk temporarily renamed his account on social media to "Kekius Maximus" and used a PEPE frog as his avatar, triggering significant fluctuations in the cryptocurrency market. Although Musk later restored his original name and avatar, his actions have already had a notable impact on the market.

Especially the KEKIUS token, which shares its name with its temporary title, experienced a dramatic price surge followed by a significant drop in a short period. This event once again highlights the immense influence of social media on the cryptocurrency market and the market's high sensitivity to the dynamics of celebrities.

Focus on Hot Projects

T3AI Project Introduction

T3AI is a DeFi network protocol that integrates AI technology, aimed at addressing the issues caused by excessive collateralization in the DeFi ecosystem. The project introduces a dedicated AI agent as a trusted intermediary, utilizing dynamic risk management algorithms to enhance capital efficiency and investment flexibility.

The token distribution plan for T3AI is as follows: 90.5% for free circulation, and 9.5% for development rewards and community activities. The project's revenue model includes a loan of 0.3% as income, of which 80% is used for buybacks. 10% of the loans will be paid in T3AI tokens, and 90% will be paid in SOL or USDC.

It is noteworthy that the project recently experienced significant price volatility, with the development team conducting a large-scale sell-off at 4 AM, which has attracted market attention and discussion.

Conclusion

This report covers multiple aspects from macroeconomics to specific crypto projects, reflecting the complexity and dynamism of the current Web3 and cryptocurrency market. Investors and industry participants need to closely monitor these developments to better understand market trends and potential opportunities.